The strategy’s creator, an Australian based crowd researcher, leveraged CloudQuant’s market s…
2018-05-22 00:00:00 Read the full story.

Quants With 20% of U.S. Stock Funds Puzzle Over Timing of Cycle

Wall Street quants are taking sides on the trajectory of the U.S. business cycle — and money is riding on their investing styles like never before.

The high-stakes call — risking some of the stock market’s hottest trades — is reigniting one of the most contested debates in the quantitative community: Can investors time the market? And even if so, should they?

It’s all down to conflicting economic signals in factor investing, which slice and …
2018-05-22 00:00:00 Read the full story.

Equity Market Innovation Leads to Venue Proliferation

By Ivy Schmerken, Editorial Director, FlexTrade

Several startups are planning to launch either new venues or order types, and even listing standards, to solve problems in US equity trading.

At last month’s SIFMA Equity Market Structure conference, executives with the following three startups and one established exchange discussed their particular market innovations and how each one fits into the existing equity market structure.

Exclusive Interview: Ninjatrader Platform Expert Chris Dolan

Grace: I wanted to introduce you to the QuantNews audience so that people can learn more about your unique product. Your website mentions that your company has been offering access to advanced charting, trade simulation and real time historical Forex market data. Can you give us more of an overview of your company?

Chris: At its core, NinjaTrader is a trading platform that offers a complete front-end technology solution for charting, analytics, …
2018-05-24 06:52:37+00:00 Read the full story.

QB Offers Futures and Fixed Income Algos

Quantitative Brokers is keeping the algorithmic wheels turning as it has partnered with Rebar Systems to provide fixed-income and futures algos.

In this partnership, Rebar clients will have access to QB’s multiple algorithms via the former’s Rebar Order Management and execution platform. ROME, formally launched in April 2018, has integrated QB’s fixed-income and futures algorithms – Bolt, Strobe, and Closer – to offer hedge funds and asset manag…
2018-05-22 14:04:59-04:00 Read the full story.

Discount Retailer Ross Stores Is in Recovery Mode

Discount retailer Ross Stores, Inc. (ROST) reports quarterly earnings after the closing bell on Thursday, May 24. The stock is trading between my semiannual pivot of $78.79 and my annual risky level of $85.13, which was tested at the Jan. 29 high. Ross shares closed Wednesday at $82.61, up 2.9% year to date and down 3.6% from the Jan. 29 high of $85.66. The stock is in recovery mode at 12% above its March 7 low of $73.76.

3 Charts That Suggest the Uptrend in Financials Should Continue

The financial sector suffered a dip earlier this year along with most of the market when volatility and uncertainty seemed to dominate headlines. Over the past few years, the financial sector has proven to be one of the most resilient sectors to pullbacks, and recent price action is suggesting that the trend is about to resume its upward trajectory. In this article, we take a look at several key charts that are used by traders to track the perfor…
2018-05-23 08:18:00-06:00 Read the full story.

Tech Firms Vie to Become the “Amazon” of Fixed Income

For independent advisors, getting an accurate sense of the fixed income marketplace can be a challenge, let alone coming up with enough data to make confident trading decisions. But with a rising interest rate environment and large numbers of clients reaching retirement age, expectations are high for advisors’ fixed income strategies. Tech companies with powerful computing capacities and varied strategies are attempting to bridge the gap, bringin…
2018-05-23 06:00:09-04:00 Read the full story.

Has Wall Street Completely Lost Its Mind on General Electric?

Wall Street equity research is supposed to be a value-add to clients.

But, one has to wonder what value analysts are providing to their trading desks on struggling General Electric (GE) . In fact, one has to wonder how many clients have been hurt by wrong calls on what has amounted to an industrial stock value trap.

Out of the 21 sell-side analysts that cover GE 53% rate the stock a hold, according to Bloomberg data. That’s 53% of a well-paid group of I-bank number crunchers that have been unable to make a clear decision on a stock that has …
2018-05-24 08:32:13-04:00 Read the full story.

Trading-Technology Q&A: John Adam, FactSet (Part 2/2)

Markets Media recently spoke with John Adam, Senior Director, Portfolio Management & Trading Solutions at FactSet. The first segment of the Q&A focused on the big picture; what follows is about the past, present and future of FactSet Trading Solutions.

FactSet bought Portware in 2015. How has this acquisition enhanced what FactSet can do for clients and how does the franchise continue to move forward?

There’s a Shortage of Expert ETF Traders Who Make the Market Tick

A shortage of specialized traders who oversee ETF transactions on stock exchanges is threatening the boom in exchange-traded funds.

Issuers complain that it’s becoming increasingly difficult to hire lead market makers, or LMMs, who work to minimize the difference between the prices that buyers are willing to pay and sellers will accept. What’s the problem? With almost 2,000 funds in the U.S., the resources of these traders are wearing thin.

The fund seeks current income and capital appreciation in a sector that may be less understood by investors, according to Jay Hatfield, founder and chief executive officer of InfraCap and co-portfolio manager.

Goldman Sachs loses senior sales trader to Credit Suisse

Credit Suisse has hired a senior sales trader from Goldman Sachs to bolster the bank’s European client coverage for global portfolio execution.

Jack Tierney joins Credit Suisse’s portfolio trading sales team in Europe, as the investment bank continues to build its program risk trading business.

He will focus initially on the Benelux region, although his scope will soon extend beyond this. A spokesperson at Credit Suisse declined to comment on t…
2018-05-21 13:38:30+01:00 Read the full story.

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